Determine cost; calculate and compare depreciation under different methods. (SO 1, 2) AP P9-3A Campagner Company purchased equipment on account on September 3, 2012, at an invoice price of $210,000. On September 4, 2012, it paid $4,400 for delivery of the equipment. A one-year, $1,975 insurance policy on the equipment was purchased on September 6, 2012. On September 20, 2012, Campagner paid $5,600 for installation and testing of the equipment. The equipment was ready for use on October 1, 2012. Problems: Set A CHAPTER 9425 Campagner estimates that the equipment's useful life will be four years, with a residual value of $13,000. It also estimates that, in terms of activity, the equipment's useful life will be 75,000 units. Cam- pagner has a September 30 fiscal year end. Assume that actual usage is as follows: Instructions of Units 15,750 23,900 20,200 15,350 Year Ended September 30 2013 2014 2015 2016 (a) Determine the cost of the equipment. (b) Prepare depreciation schedules for the life of the asset under the following depreciation methods: 1. straight-line 2. diminishing-balance at double the straight-line rate 3. units-of-production (c) Which method would result in the highest profit for the year ended September 30, 2013? Over the life of the asset? (d) Which method would result in the least cash used for the year ended September 30, 2013? Over the -life of the asset?